Voluntary Earnings Disclosures and Corporate Governance: Evidence from France
Abstract
The primary objective of this paper is to study the relationship between voluntary earnings disclosures and a combined set of corporate governance attributes in France. We use binary logit models to check our hypotheses. The results indicate significant negative associations between voluntary earnings disclosures and ownership concentration, and between voluntary earnings disclosures and a unitary leadership structure. The results also show that French firms providing voluntary earnings disclosures are more likely to have higher foreign institutional investor's ownership, and to offer stock option plans for their executives. These findings shed the light on the corporate governance features that enhance incentives for voluntary earnings disclosures and those affecting these incentives under high ownership concentration.
Keywords
Citation
Lakhal, F. (2005), "Voluntary Earnings Disclosures and Corporate Governance: Evidence from France", Review of Accounting and Finance, Vol. 4 No. 3, pp. 64-85. https://doi.org/10.1108/eb043431
Publisher
:Emerald Group Publishing Limited
Copyright © 2005, Emerald Group Publishing Limited